Insolvency & Reconstruction
It is crucial that individuals or companies facing or experiencing an insolvency event obtain expert advice to navigate the legal minefield and regain control of their situation and destiny.
Practice lead: Julie Callea-Smyth
We can help with:
Our approach involves working closely with our client and their accounting and financial advisers to obtain a thorough understanding of their situation and objectives, and then to formulate and implement a strategy to resolve creditor claims, preserve critical business assets, and protect family wealth from the fall-out of the insolvency event.
This requires close analysis to identify and exploit the legal and commercial remedies available to our client. For example, we may recommend a corporate restructure involving sale or licensing arrangements to protect business goodwill and reputation, in anticipation of appointing a trustee, administrator or liquidator who will scrutinise those arrangements.
We are frequently engaged to advise or litigate claims on behalf of liquidators or trustees-in-bankruptcy and we draw upon that experience when advising company directors, insolvent individuals or related parties.
Insolvency
We provide expert advice for clients facing or experiencing individual or corporate insolvency.
Creditor claims
We resolve creditor claims through a deed of company arrangement or a personal insolvency agreement instead of liquidation or bankruptcy.
Restructuring
Our team provide restructuring advice to both individual and corporate clients to protect critical business assets and family wealth from insolvency risk.
Distressed businesses
We can assist with formal and informal work-outs of distressed businesses.
Defending liquidation or bankruptcy claims
Our clients seek our expert team’s assistance in defending claims brought by liquidators or trustees-in-bankruptcy.
Appointing receivers and managers
We act on behalf of secured creditors to appoint and instruct receivers and managers.
Advising individuals
We provide advice to bankrupt individuals in their dealings with their trustee.